Which of the following is incorrect statement:
A. Under section 40, the arbitration agreement shall not be discharged by death of the party
B. Under section 40, where the death occurs during the course of the arbitral proceedings, all the legal representatives are bound by the award
C. Under section 40, the legal representatives are bound by the award if death occurs during the course of proceedings, but after the death a new arbitrator has to be appointed
D. None of the above
Answer: Option C
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